Passive strategies account for more than two-thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. BlackRock maintains approximately 35% market share in the global ETF market, while Vanguard holds about 25% and State Street approximately 15%. BlackRock's Aladdin technology platform manages over $21 trillion in assets across BlackRock and external clients, providing comprehensive integration of risk management, portfolio construction, and trading capabilities.
Cyborg Score Rationale
Revenue rose 23% year over year in the latest quarter, while operating margins held near 24%, reflecting scale efficiency. Fee yields on new asset flows are 6 to 7 times higher than in 2023, with growing demand for structural growers like private markets, systematic models, OCIO, ETFs, and SMAs. Scale, technology moat, and fee mix diversification support sustained growth.
Top Insights
BlackRock is targeting $60 billion of AUM in private markets wealth series products by 2030, with real asset strategy, European direct lending, and other strategies coming to market.
In its 2026 outlook, BlackRock describes digital assets and stablecoins as infrastructure underpinning payments and settlement, with stablecoins functioning as digital dollar rails.
BlackRock is targeting the purchase of $1.8 billion worth of shares during 2026 and targeting 45% or greater adjusted operating margin.
BlackRock appointed Gregg Lemkau to its board in January 2026, strengthening oversight as assets scale across ETFs and alternatives.
Named Competitors
Vanguard — Global asset management with 25% ETF market share
Fidelity — Diversified asset management and financial services
State Street — Institutional asset management and custody services
T. Rowe Price — Active asset management and retirement services
Recent Developments
(January 2026) Board appointment of Gregg Lemkau to strengthen governance oversight
(January 2026) Q4 2025 earnings beat Wall Street estimates with record $14.04T AUM
(December 2025) 2026 outlook identifies stablecoins as financial system infrastructure
(2025) $5 billion returned to shareholders through dividends and share repurchases
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